The Functions of Money Do Not Include A(n)

question 55

Multiple Choice

The functions of money do not include a(n)

• A) medium of exchange.
• B) standard of deferred payment.
• C) unit of account.
• D) store of value.
• E) exchange of purchasing power.

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Definitions:

Biological Constraints

Limitations on learning and behavior that are rooted in biological factors or innate predispositions.

Cognitive Maps

Cognitive maps that allow people to navigate and comprehend their surrounding space.

Classical Conditioning

A training routine where two stimuli are continuously associated; the reaction, at outset evoked by the second stimulus, ultimately becomes evoked by the first stimulus solely.

Immediate Reinforcers

Rewards or consequences that immediately follow a behavior, significantly affecting the likelihood of the behavior occurring again.